Home / News / Investment Funds for Health in Africa raises USD 99.4...

Investment Funds for Health in Africa raises USD 99.4 million for second fund


CMS has advised the manager of Investment Funds for Health in Africa (IFHA) at the establishment of IFHA-II, its second investment fund, and the USD 99.4 million first closing of the fund. The nine IFHA-II investors represent a diverse range of public and private organizations, including multinational companies, pension funds and development finance institutions. The private health sector has historically outperformed general economic growth and the outlook for the sector remains positive. This, as well as the significant development impact of health investments in sub-Saharan Africa, makes IFHA-II an attractive investment.

IFHA-II is a private equity fund dedicated to small and medium size equity investments in private healthcare companies in sub-Saharan Africa. IFHA-II focuses on hospitals and other healthcare providers, as well as companies active in health insurance and in the manufacturing, wholesale and distribution of healthcare products. These target sectors are characterized by fragmented and underdeveloped markets, resulting in low availability and accessibility as well as poor quality of services. IFHA’s investments will build liquidity and business capacity, enhancing access to quality healthcare services.

The CMS team advising IFHA comprised Reinout Slot, Clair Wermers, Marlene Veenman, Martijn van der Bie, Pauline Toet, Herman Boersen, Gilbert Joskin and Jeroen van Dijk.

Related people

Portrait of Martijn Bie
Martijn van der Bie
Portrait of Herman Boersen
Herman Boersen
Portrait of Jeroen Dijk
Jeroen van Dijk
Portrait of Gilbert Joskin
Gilbert Joskin
Of Counsel
Portrait of Reinout Slot
Reinout Slot
Portrait of Clair Wermers
Clair Wermers
Pauline Toet
Marlene Veenman
Show more Show less